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Reputable source that specifically discusses an issue related to finance, human resources

Choose a sport program of interest to you. Find a current article from a reputable source that specifically discusses an issue related to finance, human resources, policy development, or marketing and how that issue was resolved. Did the decision support the organization's mission? Do you think the administrator made the correct decision? Why or why not?

Full Answer Section

Resolution: The KRU implemented several strategies to address its financial challenges, including:

Cost-cutting measures: Reducing operational expenses, such as travel and salaries.
Increased fundraising efforts: Seeking additional sponsorship and donations.
Debt restructuring: Negotiating with creditors to restructure loan repayments.
Improved governance: Implementing better financial management practices and accountability measures.

Support for Organizational Mission:

These strategies align with the KRU's mission to develop and promote rugby in Kenya. By addressing financial constraints, the KRU can ensure the sustainability of the organization and continue to invest in grassroots rugby development.

Evaluation of the Decision

While the KRU's efforts to address financial challenges are commendable, it is important to consider the potential long-term implications of these strategies. For example, cost-cutting measures may negatively impact the quality of rugby development programs, and excessive reliance on fundraising could make the organization vulnerable to economic downturns.

Overall, the KRU's decision to implement a combination of financial strategies appears to be a reasonable approach to addressing its challenges. However, it is essential to monitor the effectiveness of these measures and make adjustments as needed to ensure the long-term sustainability of the organization.

Sample Answer

The Kenya Rugby Union (KRU) is a prominent sports organization in Kenya. A recent article from the Daily Nation (a reputable Kenyan newspaper) discusses the challenges faced by the KRU due to financial constraints and the strategies implemented to address these issues.

Article: "Kenya Rugby Union faces financial crisis as debts mount" (Daily Nation, 2023)

Issue: The KRU was facing a significant financial deficit due to various factors, including declining sponsorship revenue, increased operational costs, and the impact of the COVID-19 pandemic.